Dollar slides on worsening China-U.S. trade dispute

The dollar fell on Monday, dropping versus the yen for a third straight session, as China imposed extra tariffs on U.S. products, escalating a dispute between two of the world’s biggest economies. Volume though was light as some European markets are closed for the Easter Monday holiday. China has slapped extra tariffs of up to
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MUMBAI: India’s foreign exchange (Forex) reserves increased by $1.19 billion as on March 23, official data showed. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the overall Forex reserves rose to $422.53 billion from $421.33 billion reported for the week ended March 16. In addition, the country’s gold reserves value rose by
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March’s brutal start on Wall Street may not be an anomaly. If Citi’s forecast is right, it could replay several times this year, whether or not President Donald Trump’s tariffs on steel and aluminum become a reality. “We’re looking for a more moderate year this year versus last year,” Tobias Levkovich, the firm’s chief U.S.
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Global stock markets will rise further in 2018, even as the era of low inflation, bond yields and volatility has come to an end and the rocket fuel behind a bull run that began in 2009 is running dry, a Reuters polls of strategists showed. After nearly a decade of ultra-easy monetary policy, major central
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The removal of presidential term limits should guarantee one thing for investors — their China portfolios will be increasingly tied to one man. Markets initially welcomed China’s plan to change its constitution on Monday, a move that would allow Xi Jinping to rule beyond 2023. Analysts say the political certainty should be largely positive for
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Singapore paved the way for a third derivatives exchange in the city, a month after Deutsche Boerse AG called quits on its ambition for a futures venue in the Asian nation. Asia Pacific Exchange Pte, backed by Chinese investors, has received licenses from the Monetary Authority of Singapore to operate a derivatives exchange and clearinghouse,
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European equities breezed through uncertain outcomes of votes in Germany and the Netherlands last year. Now, most investors are betting Italy’s March 4 parliamentary vote won’t be much different. Even as possible results of the vote include a hung parliament and a strong showing by the euro-skeptic Five Star Movement, investors don’t seem to be
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A difference of opinion is what makes a market — and BlackRock Inc.’s bullish case for U.S. equities over their European counterparts last week has prompted a rebuttal from Russell Investments, which argues the world’s largest money manager has got it the wrong way round. The strong earnings momentum in U.S. stocks championed by BlackRock
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A stronger dollar and slightly higher global borrowing costs kept world shares subdued on Friday and left gold limping toward its worst week since December. Europe’s main London, Frankfurt and Paris markets <0#.INDEXE> barely budged in early moves, keeping MSCI’s 47- country world index just in the black on the day but facing its third
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